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What is considered a Section 197 Intangible?

In order to qualify for a section 197 intangible, it must be acquired after August 10, 1993 and amortized over 15 years. 

Assets included are:

  • Goodwill
  • Going concern value
  • Workforce in place
  • Business books and records
  • Operating systems or any other information base
  • A patent
  • Copyright
  • Formula
  • Process
  • Design
  • Pattern
  • Know-how
  • Format
  • A customer-based intangible
  • A supplier-based intangible
  • A license, permit, or a right granted by a governmental unit or agency
  • A covenant, a franchise, trademark, or a trade name. 


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